USDCHF broke below 0.8922 previous low support, suggesting that the downtrend from 1.1730 (Jun 1, 2010 high) has resumed. Deeper decline could be seen in a couple of weeks, and next target would be at 0.8700 zone.
For long term analysis, USDCHF is in downtrend from 1.1730, further decline to 0.8000 area to reach next cycle bottom on weekly is expected.
